OTB doesn't seem to care about his non-core holding stocks i think. If gamuda or gkent was having this kind of drops, he would have shoot out email to ask everyone to buy.
Indeed a discounted counter with the PE only 6.93. Aluminium price chart is in bullish trend , really can't understand why it was sell down these few days.
Since Arank is selling aluminium billets to their customers, higher aluminium cost should be to their advantage. I think the rising costs of doing business like increase in natural gas cost has more impact to their profit margin. As most of the world economy indicators show sign of improvement , I think for the companies like Arank and LBAlum will be benefited greatly.
Note that they sight higher margins being their improvement in results but it could be eroded too in the future maybe that's why valuation is not high. Short term improvement?
For the past 4 qrt , Arank profit margins are steady at more than 3 %, I think it will able to sustain giving that there is sign the world economies are improving.
Applied the golden rule selection by Mr Koon and it has met all the criterial but it doesn't seem to move higher. Also buy call from OTB and I accumulated even more. Hmmm.. But seems like losing more. Haizzzzz
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
chshzhd
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Posted by chshzhd > 2016-09-30 11:16 | Report Abuse
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